Policy Economist Jobs (NOW HIRING)

Company
Federal Reserve Bank of New York
Responsible for conducting economic and financial policy analysis and independent research on a wide range of topics for the Bank. Activities include identifying and carrying out research on topics for publication in peer-reviewed academic and policy journals; providing trusted analysis and advice on economic and financial public policy issues; ensuring appropriate processes, guidance, and resources are available for researchers; working to promote a diverse and collaborative research environment within the Bank and to foster diversity in the economics and finance professions.
Job Family Description
Responsible for research and policy analysis on topics including macroeconomic and microeconomic issues, macroeconomic and monetary policy, labor and product markets, international economic issues, urban and regional issues, public economy issues, financial stability and financial intermediation, macro-finance, capital and money markets, payments issues, structure and performance of financial institutions, and micro-prudential supervision and regulation of these firms.
ORGANIZATIONAL RESPONSIBILITIES
Career Role:
Expert
Role Description
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Has subject-matter expertise that is recognized by others.
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Manages major projects or processes with limited oversight from their manager.
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Provides guidance and reviews work of other professionals within the job area.
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Faces problems that are difficult and often complex.
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Tactical (50%) - focused on plans to achieve goals and objectives - the "how"; Transactional (50%) - carries out defined steps or processes.
DIFFERENTIATING FACTORS
Organizational Impact
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Contributes to project initiatives that may have strategic importance to the Bank, typically involving collaboration across functions.
Achieves operational targets with significant impact on departmental results.
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Contributes to development of goals for the department and planning efforts (budgets, operational plans, etc.).
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Manages projects or processes that may span outside their immediate job area.
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Performs work under limited supervision with autonomy and discretion; plans and arranges short- and long-term work.
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Influences timelines and expectations within the department.
Communication and Influence
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Communicates with parties within and outside of their own function, which may include external stakeholders.
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Influences parties within and outside of their function at an operational level regarding policies, procedures, and practices.
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Regularly conducts briefings with managers and senior leaders within their job function.
Leadership and Talent Management
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Typically provides guidance, coaching, and training to other employees within the job area.
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Typically responsible for managing major projects at this level, involving delegation of work and review of work products.
Required Knowledge and Experience
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Requires deep knowledge of their job area.
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Has a specialty within their discipline.
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Broad knowledge of project management.
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Advanced understanding of business line and a general understanding of the overall Bank.
Touchstone Behaviors
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Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward.
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Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
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Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
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Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
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Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
Conducts policy work, counsels and advises key policy constituents and principals, raises public awareness, and conducts independent research to advance mission-critical policy processes and deliverables for the Research Function and Bank. Contributes to publications and prepares speeches/presentations for senior management.
JOB SUMMARY
JOB FUNCTIONS
Core Responsibilities
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Conducts policy work and independent research to advance mission-critical policy processes and deliverables for the Research Function and Bank using advanced modeling and econometric techniques.
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Prepares technical memoranda, statistical exhibits, and briefings for senior Bank leaders in support of policy decisions.
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Collaborates with colleagues and subject matter experts on model development, forecasting, and analysis.
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Engages in outreach to academic and policy communities through participation in seminars, conferences and public presentations to key external organizations.
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Carries out research suitable for publication in high-quality, peer-reviewed academic journals.
Required for All Jobs
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Performs other duties as assigned
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Complies with all policies and standards
In an effort to ensure all job descriptions are as inclusive as possible, not all jobs have required education, work experience or licenses/certifications.
QUALIFICATIONS
Education
Education Level
Education Details
Additional Education Details
Required/ Preferred
PhD
in Economics
Finance, Financial Economics, Data Science, Public Policy, or another related field
Preferred
Work Experience
Experience
Experience Details
Required/ Preferred
Demonstrated ability to conduct policy analysis and produce scholarly research suitable for publication.
Required
and
Ability to present technically complex information to a variety of audiences.
Required
and
Ability to collaborate effectively with internal and external stakeholders.
Required
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Economics/Research Family Group
Work Shift
First (United States of America)
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Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
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